Table 3-3
Production Opportunities 
-Refer to Table 3-3. We could use the information in the table to draw a production possibilities frontier for England and a second production possibilities frontier for France. If we were to do this, measuring wine along the horizontal axis, then
Definitions:
Marginal Propensity
The tendency of an individual or household to spend an additional dollar of income on consuming goods and services.
Simple Spending Multiplier
The ratio of a change in output to a change in autonomous spending that caused it, illustrating the impact of fiscal policy on total economic output.
Simple Spending Multiplier
A formula used in economics to determine the impact of a change in autonomous spending on the aggregate output, highlighting the amplification of initial spending through the economy.
Marginal Propensity
The ratio of change in an economic variable (such as consumption or saving) in response to a change in another (such as income), indicating the responsiveness of the variable.
Q56: Refer to Figure 2-6. If this economy
Q90: The Council of Economic Advisers' Economic Report
Q94: Is the following a positive or normative
Q118: Refer to Table 3-33 Chris and Tony
Q145: Refer to Table 3-35. At which of
Q151: Refer to Table 3-21. Jamaica should specialize
Q294: The only two countries in the world,
Q349: The slope of a line passing through
Q413: Refer to Figure 3-14. Dina has an
Q426: Refer to Figure 3-19. Chile has an